3 ways a mini-MBA can accelerate your business as an entrepreneur

Whether you’re running a business or dreaming of bringing your ideas to life, a two-year MBA isn’t always necessary for entrepreneurs, especially those operating in non-traditional industries.

In fact, many mini-MBA programs provide professionals with essential business intelligence need to level their business skills, without the majors or concentrations of a longer program. Instead, the mini-MBA focuses on transferable skills and concepts applicable to all business professionals.

Three ways a mini-MBA can help accelerate your business as an entrepreneur:

  • Mini-MBA like Invited MBA highlight case studies and provide real-life simulations for real-world practice.

While discussing business topics, attending lectures, and debating current events can be helpful, entrepreneurs will benefit more from a business curriculum focused on doing.

This form of experiential learning puts participants in the shoes of people leaders and managers – something difficult to create in theory alone and something that is directly applicable to entrepreneurial experience. Instead of asking, “How WILL act here?”, in a real-world simulation, participants are asked to make quick decisions and learn from the consequences in a safe space. This prevents real-life mistakes that can dramatically hinder a new business venture.

Mackenzie Chilton, Owner of Love your Mondays, completed the guest MBA in 2021. She said, “My mini-MBA had real-world examples and exercises to help solidify business concepts in my practice and memory. There were practical applications of changes I can make now to become a better leader and business person. I didn’t need to go back to school for two years and spend hundreds of thousands of dollars to get the skills I needed to improve my career.”

  • Mini-MBAs prioritize building skills that never become obsolete.

Improving skills is the process of learning new and advanced competencies to close a skill gap or expand an existing one. Many emerging leaders and entrepreneurs seek opportunities to improve their skills to improve their communication, people management, problem solving, emotional intelligence and teamwork. Education options that focus on improving skills are important for new or successful business owners because startups and smaller organizations often operate with a lean team, and founders must play many roles in the early stages of a company.

“The hands-on learning in my mini-MBA directly reflected the day-to-day challenges of owning a business. Since the Guest MBA, I have been able to close three new long-term clients, and I can definitely attribute that to my experience and the skills I learned in the program,” Chilton said after graduating from the Guest MBA.

Becoming an entrepreneur does not require a degree. However, to stay at the top of their game, successful entrepreneurs often seek opportunities for upskilling provide the expertise and confidence needed to overcome the risks needed to start a business.

“My mini-MBA helped me feel more comfortable creating financial projections for my company and predicting what things might be like in terms of revenue. The experience has given me a greater understanding of the business as a whole and a greater sense of comfort with taking initiative in my organization,” invited MBA student and owner of Car Advisor said Andrew Overby.

  • Mini-MBAs offer networking opportunities with other rising leaders and business professionals, which can be a huge advantage for entrepreneurs.

One of the biggest challenges young entrepreneurs face is establishing the legitimacy of their efforts, companies or ideas. According to Invesp, “Word of Mouth marketing impressions result in 5x more sales than paid media impressions. Networking opportunities like a mini-MBA or other business program benefit the reputation and word-of-mouth marketing of your new endeavor.

Another advantage of participating in a program with other influential business professionals is the impact of group-based learning.

Online courses that you work on on your own time have a place in learning business skills, but live, synchronous chat has more impact on retention and can help entrepreneurs solve challenges they are facing in their organizations . A good mini-MBA provides ample time to talk and work with classmates, learn from mentors who have founded successful businesses, and ask questions of peers. Having other like-minded people to bounce ideas off of, solve problems with, and learn from can have a huge impact on your success as an entrepreneur.

No matter where you may be in your entrepreneurial journey, a mini-MBA can benefit you now and in the future, from hands-on experiences that provide invaluable networking and skills-enhancing opportunities. To learn more about how you can accelerate your business with the Guest MBA, click here.

Katelyn Powell is a social media and content strategist, lifelong learner, and career development enthusiast living in Houston, Texas. She is passionate about equal access to education and waiting for Oxford. When she’s not writing or voraciously reading true crime, she enjoys taking afternoon naps and photographing weddings for Texas brides.

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